HIBERNIAN have announced the departure of manager Neil Lennon and assistant Garry Parker by "mutual consent".
Lennon, 47, and Parker, 53, were suspended by Hibs chief executive Leeann Dempster on Friday following an incident at the Edinburgh club's training ground.
According to reports, the Northern Irishman and his number two were told to stay away after an explosive team meeting saw striker Florian Kamberi threaten to quit.
In a statement on Wednesday evening, Hibs insisted that the pair had left Easter Road by their own volition.
"The management team of Neil Lennon and Garry Parker has left the club by mutual consent," Hibs said.
"They have not been dismissed and have not resigned".
Joint Statement: Hibernian FC and Neil Lennon/Garry Parker.
— Hibernian FC (@HibernianFC) 30 January 2019
The club statement added: "The suspension, put in place to allow an internal review, was lifted by the club as part of this agreement.
"Despite widespread speculation, the club confirms that neither Neil nor Garry has been guilty of any misconduct or wrongdoing and no disciplinary process has been commenced.
"However, Neil, Garry and the club now consider that it would be in the best interests of all parties to part amicably."
Academy chief Eddie May and assistant coach Grant Murray took charge of Hibs' 3-1 win at St Mirren on Sunday in place of the suspended Lennon and Parker, taking the club to seventh in the Scottish Premiership table.
Hibernian FC can confirm that Eddie May, Head of Academy Coaching, and Grant Murray, Assistant Coach, will take charge of the first team for Sunday's Ladbrokes Premiership game against St Mirren.
— Hibernian FC (@HibernianFC) 26 January 2019
Lennon's two-and-a-half year reign saw Hibernian promoted back to the top flight in 2017 after securing the Championship title as well as an impressive fourth-place finish last season which ensured European qualification.
The Celtic legend previously admitted he was willing to walk away from the job if his ambitions weren't matched by the board following a disappointing run which culminated with a 1-0 defeat by Motherwell on Wednesday prior to his suspension.
Lennon offered his thanks to Hibs' "board, the coaching staff, the players and all the fans for making the last two and a half years so enjoyable".
He added: "It has been my privilege to serve the club and I wish it every success in the future."
Chairman Rod Petrie said: "We are grateful to Neil and Garry for all their efforts and in particular for leading the club back to the top flight of Scottish football.
"We wish nothing but the best for Neil and Garry and their families for the future."